Question: Using the info below, answer the next two questions: Forbes magazine published data on the best small firms in 2012. These were firms that had

 Using the info below, answer the next two questions: Forbes magazine

Using the info below, answer the next two questions: Forbes magazine published data on the best small firms in 2012. These were firms that had been publicly traded for at least a year, have a stock price of at least $5 per share, and have reported annual revenue between $5 million and $1 billion. The table below shows the ages of the corporate CEOs for a random sample of these firms. 48 58 51 61 56 59 74 63 53 50 59 60 60 57 46 55 63 57 47 55 57 43 61 62 49 67 67 55 55 49 Use this sample data to construct a 90% confidence interval for the mean age of CEO's for these top small firms. Use the Student's t-distribution. 1. What is the lower bound for 90% confidence interval for the mean age of CEO's? (Round to 3 decimal places) 54.459 X 2. What is the upper bound? (Round to 3 decimal places)

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